Are you suggesting that everyone, or at least the large holding early adopters, will not be altruistic enough to actually buy anything when their bitcoins are worth billions of dollars ...
of course not. im suggesting that due to the effects of runaway deflation, there will be no support economy to make bitcoins economically wise to spend. as such, the only thing the big fish can do really is to 'cash out' -- to take profit, and to leave all these people who are busy sucking up the "cheap" $20 coins holding the bag. Not this again....
i apologize if this has been covered already. i've been completely dumbfounded by the behavior of the price as a speculator recently, and decided to reassess the fundamentals. do you at least agree that this is bitcoin's first significant deflation event? i have read the bitcoin wiki's counterargument to why a deflationary spiral is not possible, and i am still not at ease. could you restore my confidence in traders' long-term awareness? Only 21 million ever. We're still in price discovery mode and will be for quite some time. We will either find some price well north of where we are now, or will be displaced by something better. At that point maybe we can talk about inflationary or deflationary pressures. Nobody knows about bitcoin now, and until most people have at least heard of it we can only guess what its value is. As for failing to spend because price is rising, I don't find that to be an issue. In fact, I spend more after a price rise, even if I expect it to continue. I could be wrong about it continuing and then I would lose out. If you have trouble letting go of bitcoins for goods, services, or other investments, maybe you should still be accumulating? At some point you will feel you have enough bitcoins and be willing to spend some. |
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...
Windows x64 based VMWare Player 5.0.1 or higher is needed to run the appliance
Windows x64 based?You use VMWare to run Linux on Windows? Is there a Linux only version? 1.Yes. 2.Sorry, no (not yet ) Why does this vm require windows VMWare player? I didn't even know it was possible to create a vm that was not portable. |
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Ripple IOUs are just balances, just like a bank balance. If you have a bank balance of $50, that means your bank owes you $50. For me to pay you $50, I give you a check. The system processes that check and then my bank owes me $50 less, your bank owes you $50 more, and you consider me to have paid you $50. Most likely, you would only hold your bank's IOUs, so the only worthless IOUs you have to worry about is if your bank fails.
So if you IOU me for a million for mowing your loan and I IOU you  for a million for washing my car, then we can each buy a Maybach? I think you would both just have a balance of 0. Also, don't forget you have to acquire the IOUs before you can trade them. |
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Has anyone done any research on the new SHFL commands being added to Kepler? The new _SHFL commands (to me) seem the same as BIT_ALIGN_INT (32-bit shifting) without having to hit shared memory. With the upcoming GeForce Titan card supposedly being the same Kepler based GK110 that powers the Tesla K20X at a price point of $899, anyone think that nVidia might be a viable option for mining sooner than later? http://developer.download.nvidia.com/GTC/PDF/GTC2012/PresentationPDF/S0642-GTC2012-Inside-Kepler.pdfBefore long no GPU will be viable unless they include sha256 specific cores. |
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21 million divided by what? there are basically infinite number of coins or hundreths of coins or thousandths of coins or billionths of a coins it is just numbers. How many numbers are there? I guess you could say the same about gold though when it got to thousandths of a gram I think people might start to think there was nothing there. The point is gold is real bitcoin it just and idea in the cloud just 1's and 0's.
21 million whole coins * 10,000,000 satoshis per bitcoin. Still not infinite. Being physical makes transacting in gold, as well as trusting the purity of an individual piece of metal a major challenge. Bitcoin doesn't have these problems. |
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I never put a time line on it. No bitcoin is the most popular right now. I am not interested in your bet and dont agree with your statement. The difference between gold and bitcoin is that gold is actually usable in the real world also there is a finite about of gold. That is not true of bitcoin. Bitcoins being hot potatoes makes perfect sense. I am not holding btc right now because the price is to crazy. I sell btc to the general public and cant do it because the price changes to often by too much, plus it is way over valued right now.
I find it much easier to trade my bitcoins for goods than to get someone to accept my gold in exchange. If you're claiming bitcoin isn't finite that is false as well. There will never be more than 21 million btc. |
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they dont care. I sell btc on ebay np. When I sell btc on facebook they get paid too. You guys have PP all wrong. I have talked to them on the phone about 20 times about selling btc. If I am willing to secure my transactions and can do it in a way that my account isnt compromised they dont care. Why would they if I get charged back I take the loss and they still get their fees. They wont freeze my account I have cabbage loans tied to them. I am probably one of 3 or 4 who know how to sell on ebay. Plus I tell PP what accounts to watch for fraud and i email member when I find their accounts have been hacked.
https://bitcointalk.org/index.php?topic=2555.msg101084#msg101084 |
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I dont get charged back or i almost never get charged back. You can go to bitcoin friends and look under our photos our buying guide is there.
Cool story. You are breaking Paypal's terms of service. If you ever have a problem you will quickly discover how they feel about bitcoin traders. |
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Well seeing that i sold 125k of boat parts last year I dont think that is the problem. Sorry i cant sell weed on the SR. My products are in demand they sell in dollars. The problem is the coin isnt acting like money.
And how many people who have Bitcoins to spend own boats? Boat parts is a specialized niche of activity. It doesn't appeal to many people. When you take a small subset of the entire population of the world and offer a niche product to that subset, you're probably not going to get much in the way of sales unless it's steeply discounted or the products are specific to that subset (i.e., a subset of fishermen, for example). The subset of Bitcoiners has nothing to do with boating, so you can't expect much in the way of sales until that subset grows much larger. Instead, work on offering products relevant to that subset (gambling seems to be a big boon, or computer hardware, other electronics, etc). I also sell btc on ebay and facebook for paypal. I think I have a good grasp on the number and experience of new users. I am one of the only places on the internet that you can get btc almost instantly. I say the market is way over valued. Good luck with that. I hope you like being overwhelmed with chargebacks followed by Paypal clawing back the money from your linked bank account. |
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It says to sell on wednesday and buy back on Saturday right?
Not if you read the post one above yours. Sometimes I feel like most people treat this forum as write-only. |
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Bitcoins are probably a great long-term 'investment', but... 1) Many people have good reason to not trust MtGox. 2) Go back to #1, it's a huge problem. ...
When we look at Bitcoin in terms of expected value, the odds are thus astronomical. The only reason Bitcoins don't trade for 100k USD right now is because...
Some of us remember May/June/July 2011, so it's a wise idea to sell some into big rallies, or BETTER yet, spend some BTC and/or help build the economy with useful projects. Haven't logged into my MtGox account in over a year. I've bought and sold many bitcoins in that time and find the alternatives to be quite good. I don't see how not trusting MtGox is a huge problem. I hope they lose more trust and marketshare. |
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I would think so, guess the question is not if but when the dump and how deep the crash will be.
And even after I point it out, somehow he still hooks them.... |
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yes
lucif
proudhon
adam
ElectricMucus
sublime
i'm probably missing a few.
The biggest BTC bear has to be pirateat40; however he defaulted on his massive BTC short position six months ago. Running a ponzi doesn't make someone a bear. Defaulting doesn't make your business venture a ponzi. There is no evidence beyond the conviction laid down by the peanut gallery. It could very easily have been short trading gone bad. |
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WTAF? Stop buying for a minute.
No. |
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The result is that Cuban goods are funnelled to Florida. You're only looking at half the transaction. Cuban goods are funneled to Florida and Floridian bitcoins are funneled to Cuba. The trade occurs because each person wants what the other one has more than they want what they had before. Now the Cuban economy has more bitcoins in it, which means they can import more goods. The Floridian economy has less bitcoins in it, which means they have to produce more products in order to regain their purchasing power. There are no losers in voluntary trade. This would be the reason why the Cubans prefer their own currency, wouldn't it? The Cubans don't gain anything from adopting BTC, because they don't have enough to purchase any Floridian goods. For example, if Martians used MarsCoin but nobody on Earth had any, would you begin accepting it? There is very little reason to do so. If Venusians and Murcurials also used MarsCoin and teleportation technology eliminated the problems with interplanetary shipping I would hop on that bandwagon in a heartbeat. Why? Wouldn't making a clone of it, calling it EarthCoin, be a better choice for you? If we were altruistic enough to care about the well-being of the Solar System as a whole, we may do it as it is more efficient in the long run. But it is hard to be that altruistic. Cubans may feel the same way in my example. Because Venusians create beautiful sculptures I like and Murcurials are masters of science and I find their philosophical writings quite intriguing. If I clone MarsCoin to make EarthCoin, I have to wait a few decades before I can use it to trade with the Venusians and Murcurials I want to buy things from. |
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The result is that Cuban goods are funnelled to Florida. You're only looking at half the transaction. Cuban goods are funneled to Florida and Floridian bitcoins are funneled to Cuba. The trade occurs because each person wants what the other one has more than they want what they had before. Now the Cuban economy has more bitcoins in it, which means they can import more goods. The Floridian economy has less bitcoins in it, which means they have to produce more products in order to regain their purchasing power. There are no losers in voluntary trade. This would be the reason why the Cubans prefer their own currency, wouldn't it? The Cubans don't gain anything from adopting BTC, because they don't have enough to purchase any Floridian goods. For example, if Martians used MarsCoin but nobody on Earth had any, would you begin accepting it? There is very little reason to do so. If Venusians and Murcurials also used MarsCoin and teleportation technology eliminated the problems with interplanetary shipping I would hop on that bandwagon in a heartbeat. |
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The result is that Cuban goods are funnelled to Florida. You're only looking at half the transaction. Cuban goods are funneled to Florida and Floridian bitcoins are funneled to Cuba. The trade occurs because each person wants what the other one has more than they want what they had before. Now the Cuban economy has more bitcoins in it, which means they can import more goods. The Floridian economy has less bitcoins in it, which means they have to produce more products in order to regain their purchasing power. There are no losers in voluntary trade. This. |
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